Valuation threshold change reallocates pending valuation references to lower-tier officers under amended wealth tax rules and updates transfer criteria. Amendment to rule 3A raises the monetary thresholds in sub rule (3) for transfers among valuation officers, and substitutes sub rule (4) creating a transitional procedure: for valuations pending on 13 February 2009, the District Valuation Officer shall transfer references to the Valuation Officer when the asset value declared in the return does not exceed the revised upper threshold, and the Valuation Officer shall transfer references to the Assistant Valuation Officer when the declared value does not exceed the revised lower threshold.
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Provisions expressly mentioned in the judgment/order text.
Valuation threshold change reallocates pending valuation references to lower-tier officers under amended wealth tax rules and updates transfer criteria.
Amendment to rule 3A raises the monetary thresholds in sub rule (3) for transfers among valuation officers, and substitutes sub rule (4) creating a transitional procedure: for valuations pending on 13 February 2009, the District Valuation Officer shall transfer references to the Valuation Officer when the asset value declared in the return does not exceed the revised upper threshold, and the Valuation Officer shall transfer references to the Assistant Valuation Officer when the declared value does not exceed the revised lower threshold.
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